701 Union Dr

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701 Union Dr

lakeland, FL 33809
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

701 Union Drive is situated in a mixed-use district of Lakeland, Florida, positioned near the intersection of major local thoroughfares. The neighborhood features a blend of established residential blocks and commercial corridors, providing a steady base of local traffic. The property is located within proximity to the medical district and several community parks, offering easy access to Highway 98 and the downtown core. Public transit stops are available nearby, facilitating connectivity for both employees and customers throughout the greater Lakeland area. The building is suited for retail operations requiring efficient floor plates and high visibility. Ideal use cases include neighborhood services, specialty boutiques, or professional consulting offices that benefit from a central, accessible location. The typical tenant profile includes local small business owners, service providers, or regional retailers looking to capture the demographic transition between Lakeland’s residential neighborhoods and its primary commercial hubs. The surrounding density supports businesses focused on daily needs and convenience-oriented services.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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